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Nov 2, 2012
11/12
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dal in california, please. >> caller: booyah,jim cramer. i have a question what is meant by a reverse split stock? >> of the that means if there's a million shares let's say they do a three to one, make to it 300,000 shares. what is typically done, citi group did one of these. what it does, if you have like 300 billion shares you divide it by three, you got 100 billion. it does raise the price but it's illusory. you just have fewer shares. tyler in florida. >> caller: jim i'm going to give you a south florida booyah. >> i'll take that. i need to go there now always >> caller: sun is shining. actually it's overcast. but quick question for you. when you talk about the economy really booting off again it seems like you talk about it in terms of consuming and not producing. i'm thinking from the way i think about it you need something to be produced before it's consumed. i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise
dal in california, please. >> caller: booyah,jim cramer. i have a question what is meant by a reverse split stock? >> of the that means if there's a million shares let's say they do a three to one, make to it 300,000 shares. what is typically done, citi group did one of these. what it does, if you have like 300 billion shares you divide it by three, you got 100 billion. it does raise the price but it's illusory. you just have fewer shares. tyler in florida. >> caller: jim i'm...
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Nov 13, 2012
11/12
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i need to go to dave in california. >> booyah from sunny california. >> i'm into high yield dividends and paying stocks. >> we like that one very much. he has a 5% yield. you don't get as much in return. i got to tell you, i think that stock is real good. let's go to will in new york. will? >> how you doing? >> real good, how about you there, chief? >> not too bad. i want to ask you about -- it released earnings last week. wal-mart says it sells great in stores. it is getting nothing but good press. the market beats the stock up. but could the stock be in for a second wave? >> first of all, it hasn't been concussed yet. second it is not a major league stock. it is the wrong stock for thissthi thiss thissenvironment. >> susan. >> how do you feel about exel? >> i like it. and by the way, another one of -- another one of our specks, nice move today. remember, i am in favor of speculation and in one small piece of your portfolio. and that is the conclusion of the lightening round. ld him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way
i need to go to dave in california. >> booyah from sunny california. >> i'm into high yield dividends and paying stocks. >> we like that one very much. he has a 5% yield. you don't get as much in return. i got to tell you, i think that stock is real good. let's go to will in new york. will? >> how you doing? >> real good, how about you there, chief? >> not too bad. i want to ask you about -- it released earnings last week. wal-mart says it sells great in...
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Nov 28, 2012
11/12
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now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden
now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the...
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Nov 22, 2012
11/12
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david in california, david? >> caller: hi, jim. like your show. >> thank you, david. thank you for calling in. >> caller: you frequently comment about make listening to conference calls. you're probably at the institutional level. can the ordinary individual gain access even in the listen only so they can listen to the analyst questions as well as management's response? >> a lot of times they'll let you do that. but it doesn't matter. you don't need it in realtime. you can go get the transcript. that's the way i do it. sometimes i like to do it in realtime, but i do the transcript on the way home. go over the transcript at night. and the transcripts are readily available everywhere. you can stop -- that's the important thing -- you stop and think. you can't do that when you're listening to it live. long-term investing involves not only an ira, but knowing which ones to put in. reinvest, build up over time. avoid the taxes by simply making sure you make the contributions every year. stick with cramer. >>> taking control of your financial destiny is smart. but why would
david in california, david? >> caller: hi, jim. like your show. >> thank you, david. thank you for calling in. >> caller: you frequently comment about make listening to conference calls. you're probably at the institutional level. can the ordinary individual gain access even in the listen only so they can listen to the analyst questions as well as management's response? >> a lot of times they'll let you do that. but it doesn't matter. you don't need it in realtime. you...
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Nov 23, 2012
11/12
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jane wells is at one in california with details on that. jane? >> reporter: hey, bill. the manager here at this best buy won't give us specific numbers but he says sales so far after 10 1/2 hours are "on track." part of best buy's restructuring is something called the renew blue initiative which citigroup says they're trying to emphasize customer experience, improve it in the stores, something they've struggled with. they've reilly tried to pump up employees today. here's you, brandon. how has the experience been so far? >> pretty good. >> what did you buy? >> assassin's create 3. >> your mother lets you play that? >> yeah. >> we'll talk later. but the employees have been staying chipper and good-natured. i don't know how they're doing it because you can tell i'm getting a little punchy. i'm about ready to rip somebody's head off. but the big deal other than this smooth transition, there was one bottleneck earlier. around 4:00 a.m. everybody had had gotten in but the line to get to the cash register was taking over two hours. ininterviewed on live tv one said who said h
jane wells is at one in california with details on that. jane? >> reporter: hey, bill. the manager here at this best buy won't give us specific numbers but he says sales so far after 10 1/2 hours are "on track." part of best buy's restructuring is something called the renew blue initiative which citigroup says they're trying to emphasize customer experience, improve it in the stores, something they've struggled with. they've reilly tried to pump up employees today. here's you,...
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Nov 5, 2012
11/12
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for some parts of the market, here in southern california, the markets are even tighter than that. you add it up and it's pretty clear, things are going to start moving forward, or better said, they're going to continue to move forward from the gains we've seen over the course of the last six months or so. >> so, david, how would you -- how would you describe the market, then? has it become now the issue of getting a mortgage that seems to be one of the sticking points, or is it still a lot of supply on the market? because even though a lot of people feel we've seen the worse, we're just bumping along the bottom with housing. what is it going to take to get this needle moving? >> it's both. supply and mortgage products. we've had some of the most prestriktive products we've had in years. it's relative. it's really returning back to where it was as far as mortgage products were concerned. we're turning back to the products we used to have when we had a healthy economy but we don't have products that really fuel the excess growth. a lot of people feel we need that, given the inventor
for some parts of the market, here in southern california, the markets are even tighter than that. you add it up and it's pretty clear, things are going to start moving forward, or better said, they're going to continue to move forward from the gains we've seen over the course of the last six months or so. >> so, david, how would you -- how would you describe the market, then? has it become now the issue of getting a mortgage that seems to be one of the sticking points, or is it still a...
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Nov 19, 2012
11/12
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michael burry, a california physician with only one good eye. uncomfortable dealing with patients, burry quit medicine and started a hedge fund in cupertino. beginning in 2003, he turned to something that no one else in america was doing: reading and analyzing the pools of risky subprime mortgage loans that wall street had been buying up and bundling into highly profitable mortgage-backed securities, which they were selling to investors around the world. >> i called up the prospectuses, and i read the prospectuses, and i looked at these pools. i could see the credit standards within these pools deteriorating just quarter to quarter. >> how could you tell that? >> there was essentially crappier mortgages being put into these pools, and it didn't seem investors seemed to care, and it didn't seem the ratings agencies seemed to care. >> do you think many people read these prospectuses? >> i think the lawyers that put them together...[laughs] to an extent, maybe. >> do you think the executives at the big wall street firms who were issuing these bonds
michael burry, a california physician with only one good eye. uncomfortable dealing with patients, burry quit medicine and started a hedge fund in cupertino. beginning in 2003, he turned to something that no one else in america was doing: reading and analyzing the pools of risky subprime mortgage loans that wall street had been buying up and bundling into highly profitable mortgage-backed securities, which they were selling to investors around the world. >> i called up the prospectuses,...
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Nov 23, 2012
11/12
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jane wells joins us from a best buy in conoga park, california. jane has been showing up with all of the shoppers, who is are w you? >> what's your name? >> anket. >> reporter: how long have you been waiting in line? >> more than two hours. >> reporter: the big deal is the line is taking forever. what are you buying? >> i'm buying a dslr camera. >> reporter: you came from india to buy this. >> reporter: i did. >> they have a thing called the internet. >> reporter: this is not the experience i was expecting. >> reporter: you get lines like this back home i suppose? >> yes. >> reporter: as raul shows you how this line snakes around, a crazy person but also maybe someone who is exhausted and with a dry sense of humor is first in line. how many tickets did you get? >> six. >> reporter: what are you planning on getting? >> tv for sure and probably a laptop. >> reporter: and the rest, i don't know, might sell them to you, jane. >> reporter: jason mcclellan got here 98 hours before the doors opened, gave him first choice at picking tickets, like a 40 inc
jane wells joins us from a best buy in conoga park, california. jane has been showing up with all of the shoppers, who is are w you? >> what's your name? >> anket. >> reporter: how long have you been waiting in line? >> more than two hours. >> reporter: the big deal is the line is taking forever. what are you buying? >> i'm buying a dslr camera. >> reporter: you came from india to buy this. >> reporter: i did. >> they have a thing called the...
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Nov 21, 2012
11/12
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this one was a fugitive, having jumped bail on a california burglary charge. another had been arrested for shoplifting just four months earlier and deported. but somehow, she got back into the united states. because shoplifters are not considered serious criminals, they rarely spend much time in jail. >> these groups predetermine and have plans if somebody is arrested. if a team of eight goes out, and two of those people are arrested, it's the responsibility of the other six to get the money together to bail them out and get them back out on the street. >> then, he says, they disappear, traveling to another city, or assuming a new identity. the few cops who follow these groups say they have effectively carved out a criminal niche for themselves, exploiting a justice system that lets people who commit property crimes off easily. what percentage of the time were you caught? >> we can say once a year. >> and you worked every day. >> five days a week. >> this professional shoplifter from chile became a confidential informant for the new york task force when they t
this one was a fugitive, having jumped bail on a california burglary charge. another had been arrested for shoplifting just four months earlier and deported. but somehow, she got back into the united states. because shoplifters are not considered serious criminals, they rarely spend much time in jail. >> these groups predetermine and have plans if somebody is arrested. if a team of eight goes out, and two of those people are arrested, it's the responsibility of the other six to get the...
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Nov 8, 2012
11/12
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let's go to lee in california. lee. >> caller: mr. cramer, with the election over, we definitely have to invest in our infrastructure. how will chicago bridge and iron cbi benefit from this, and is it a good player or should by look elsewhere? >> i had my world rocked by the floor quarter, flr. it was so hideous and horrible, i've got to stay away from the business. foster wheeler could be hurt because the clean thing is not going to get the money. i say stay away from infrastructure. >> caller: cramer, i have a question about magnum hunter resources. i purchased about 15,000 shares at 30 cents a share. that's where it's lowest was. my question is, should i hang on to it, buy more, or sell it? >> i'm not a tax accountant, i can't tell you what to do in terms of personal. but i will tell you if i had a stock that bought at 30 cents and went to $3, that's what i call a no brainer. you got hit hard today. what works now? mlps, package consumer goods? how about some johnny walker black. don't move. lightning round is coming up next. ♪ [
let's go to lee in california. lee. >> caller: mr. cramer, with the election over, we definitely have to invest in our infrastructure. how will chicago bridge and iron cbi benefit from this, and is it a good player or should by look elsewhere? >> i had my world rocked by the floor quarter, flr. it was so hideous and horrible, i've got to stay away from the business. foster wheeler could be hurt because the clean thing is not going to get the money. i say stay away from...
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Nov 28, 2012
11/12
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. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap just shy of $4 billion. reatlix under $1 billion. still, a significant sides. it would be for ncr. we have to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for business. speaking of bus
. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap...
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Nov 30, 2012
11/12
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in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here
in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what...
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Nov 16, 2012
11/12
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thank you very much for your time, adam schiff representing california. thank you. >>> great questions there, by the way. former cia director david petraeus was answering questions on capitol hill today but not about the scandal that led to him resigning. in a private hearing, he told lawmakers that he believed all along that the attack on the u.s. consulate in benghazi, libya was a terrorist strike despite how the white house initially portrayed it. of the scandal that led him to resign, petraeus expressed his regret about the circumstances of his departure but said nothing more. simon? >>> two major breaking stories right now impacting the oil market. there's been an explosion on an oil rig in the gulf of mexico off the coast of venice, louisiana. a company called black elk energy operates that rig. reports are that a worker may have cut a line with a settling torch. four people have been rushed to the hospital, two are reportedly still missing. so far we have no reports of oil actually leaking into the gulf. >>> meanwhile, also breaking right now, the
thank you very much for your time, adam schiff representing california. thank you. >>> great questions there, by the way. former cia director david petraeus was answering questions on capitol hill today but not about the scandal that led to him resigning. in a private hearing, he told lawmakers that he believed all along that the attack on the u.s. consulate in benghazi, libya was a terrorist strike despite how the white house initially portrayed it. of the scandal that led him to...
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Nov 14, 2012
11/12
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california has a credit rating approaching junk status. it spends more money on public employee pensions than it does on the state university system. arizona is so desperate, it sold off the state capitol, supreme court building, and legislative chambers to a group of investors and now leases the buildings from their new owner. then there's new jersey. it had the highest taxes in the country, a $10 billion deficit, and a depressed economy when first-year governor chris christie took office. but after looking at the books, he decided to walk away from a long-planned and much-needed project with new york and the federal government to build a rail tunnel into manhattan. it would have helped the economy and given employment to 6,000 construction workers. lots of jobs. >> yeah. i canceled it. i mean, listen, the bottom line is, i don't have the money. and you know what? i can't pay people for those jobs if i don't have the money to pay them. where am i getting the money? i don't have it. i literally don't have it. >> this is going on all over t
california has a credit rating approaching junk status. it spends more money on public employee pensions than it does on the state university system. arizona is so desperate, it sold off the state capitol, supreme court building, and legislative chambers to a group of investors and now leases the buildings from their new owner. then there's new jersey. it had the highest taxes in the country, a $10 billion deficit, and a depressed economy when first-year governor chris christie took office. but...
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Nov 20, 2012
11/12
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nevada, florida, arizona, and california. so we think what we're seeing in miami and hearing about is also something that's consistent with what we're hearing in other sun belt states, which are also starting to recover. >> so if you could choose maybe one or two cities, where would you invest? >> phoenix, las vegas, and florida are all ramping up at an accelerated rate. we expect that to continue too. >> craig, you're miami based, but are you looking to get in on some other hot cities? >> i think if we did anything else right now, we would probably do something internationally. i'm very focused on miami. there are enormous opportunities here, and before i start chasing deals in other cities, i want to definitely avail myself of the opportunities that are here. >> they say the state bird of florida is the crane. yeah, that stunk. craig, thank you. >> actually, it was pretty good. yeah, maybe stunk. "street signs" continues after the break. we're going to look at the markets before we go. ] you are a business pro. governor of
nevada, florida, arizona, and california. so we think what we're seeing in miami and hearing about is also something that's consistent with what we're hearing in other sun belt states, which are also starting to recover. >> so if you could choose maybe one or two cities, where would you invest? >> phoenix, las vegas, and florida are all ramping up at an accelerated rate. we expect that to continue too. >> craig, you're miami based, but are you looking to get in on some other...
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Nov 28, 2012
11/12
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you came up humble beginnings, northeast california. rubbermade used to be in california. now they're here. if you were the ceo of a new york or chicago company today, would you like to move to a place like atlanta? >> i would because i think it's very important -- it's always been important to be happy. critically today associates are making a lot of decisions about where they want to spend their time, raise their families. this is a great place to raise your family. it's an area that supports businesses and understands businesses and has a long history of good collaboration between business and -- >> that's good for here, but isn't that bad for new york and chicago and those places, which appear to be, for a lot of different reasons, just increasingly noncompetitive? >> i don't know they're not competitive. i come from new york. i have a bias towards new york. chicago is a great city. san francisco. a lot of the great northern cities and west coast cities have their traditions and history as well. atlanta has been a unique place as the hub of the southeast. i think it's
you came up humble beginnings, northeast california. rubbermade used to be in california. now they're here. if you were the ceo of a new york or chicago company today, would you like to move to a place like atlanta? >> i would because i think it's very important -- it's always been important to be happy. critically today associates are making a lot of decisions about where they want to spend their time, raise their families. this is a great place to raise your family. it's an area that...
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Nov 29, 2012
11/12
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they represent, you know, the california state employees. that's an important investor to have. they're making noise about this. i think it's something the board really shouldn't ignore. they've put forth a nonbinding proposal that will be up for next year's annual meeting. i think if shareholders vote for it, which i think there's a reasonable shot they will, the board really has to listen to that. they can choose to ignore it. they do have a duty as well. this will add pressure. relational is not going away with the board saying, yeah, we looked at it, we rejected it. >> the back story is it's a family owned company run by generations in this family. they have already responded to relational in this disclosure. they say the time is not right now to spin off the steel business. the steel business diversifies the operations and provides cost savings for the steel and ball bearings business to have these operations together. >> that's what they always say. they never say, yeah, there's no synergy, but we like them together. they always say why they should be together. but i think
they represent, you know, the california state employees. that's an important investor to have. they're making noise about this. i think it's something the board really shouldn't ignore. they've put forth a nonbinding proposal that will be up for next year's annual meeting. i think if shareholders vote for it, which i think there's a reasonable shot they will, the board really has to listen to that. they can choose to ignore it. they do have a duty as well. this will add pressure. relational is...
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Nov 13, 2012
11/12
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interesting timing for honoring a california car. and we're going to cast the petraeus movie, tim seymour apparently angling for the shirtless fbi agent. we'll have that after the break. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-541
interesting timing for honoring a california car. and we're going to cast the petraeus movie, tim seymour apparently angling for the shirtless fbi agent. we'll have that after the break. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find...
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Nov 22, 2012
11/12
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um, i grew up in new york, and now i live in california, right? those are really kind of basic, important things. >> under the bio: his latest photos, posted by him or his friends. it's like a running ticker tape of his life. every day, a staggering 100 million photos are uploaded onto the site. lots of photos on the-- right away. >> people love photos. >> yeah. >> photos originally weren't that big of a part of the idea for facebook, but we just found that people really liked them, so we built out this functionality. >> a dozen engineers and designers worked on the new page in this war room... >> cool. >> empty plates and toothpaste tubes by their keyboards. they raced against a clock right there telling them how much time was left to complete each high-priority task. >> we want it to be awesome. >> they came up with a new section on the left. you can now list the important people in your life--mom, dad, sister, sister, sister, girlfriend. another new feature pulls up a history of your relationship with any of your facebook friends. >> you can se
um, i grew up in new york, and now i live in california, right? those are really kind of basic, important things. >> under the bio: his latest photos, posted by him or his friends. it's like a running ticker tape of his life. every day, a staggering 100 million photos are uploaded onto the site. lots of photos on the-- right away. >> people love photos. >> yeah. >> photos originally weren't that big of a part of the idea for facebook, but we just found that people really...
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Nov 28, 2012
11/12
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jane wells is in los angeles focusing on house minority leader nancy pelosi's home state of california. >> reporter: hi, sue. nancy pelosi is a crucial part of the discussion to avoid the fiscal cliff, representing one of the most liberal and successful cities in america. what do folks back home in san francisco expect her to do to avoid what some say will be an economic catastrophe. for nearly 20 years, kurt has been serving up breakfast at dottie's true blue diner. running a small business, especially a restaurant, is not for the weak. so he wonders why washington can't get its act together. >> if i ran my business the way the government is run, i wouldn't be in business. he's a constituent of one of the most powerful people in washington, nancy pelosi. here's a news flash. not everybody in america believes economic armageddon is at hand. not even former mayor gavin newsom, california's lieutenant governor. >> i don't know why i'm not losing sleep over it. i think there are good people on both sides of the aisle that they're mature enough to get something done. >> kurt agrees when i
jane wells is in los angeles focusing on house minority leader nancy pelosi's home state of california. >> reporter: hi, sue. nancy pelosi is a crucial part of the discussion to avoid the fiscal cliff, representing one of the most liberal and successful cities in america. what do folks back home in san francisco expect her to do to avoid what some say will be an economic catastrophe. for nearly 20 years, kurt has been serving up breakfast at dottie's true blue diner. running a small...
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Nov 5, 2012
11/12
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even in california, which had record high gas prices just back in october. now they're looking at more than a 60-cent drop in the price of gasoline. that's certainly helping the overall national average. then of course, we're looking at demand destruction after hurricane san day. that's impacting as well. across the country, whether it is oklahoma or south carolina, missouri, all seeing very sharply lower prices. that's definitely translated into what we're seeing for the national average. we're also seeing futures prices down sharply just in the past month. important to keep your eye on all the different factors that go into the energy price. brent crude is up actually $2 today. middle east tensions out there. that could certainly change the price reaction. back to you. >> sharon, thank you very much. >>> looks like toy is a is back. profit rose nearly 600% from last year. sales jumped by 572,000 cars. just right here in the united states of america. phil lebeau joins us now. phil, were the numbers as good as they seemed on paper? >> absolutely. really the
even in california, which had record high gas prices just back in october. now they're looking at more than a 60-cent drop in the price of gasoline. that's certainly helping the overall national average. then of course, we're looking at demand destruction after hurricane san day. that's impacting as well. across the country, whether it is oklahoma or south carolina, missouri, all seeing very sharply lower prices. that's definitely translated into what we're seeing for the national average....
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Nov 14, 2012
11/12
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a three to four bedroom house in glendale, california is about $750,000. comparable area, twin falls, idaho, is about $325,000 for the same kind of house. what about the cost of food? an assortment of groceries in new york city. 72% more than those same72% more same items in twin falls, idaho. about two years ago, the fiscal times commissioned a study on this from a national tax accounting firming. they looked at several areas around the country for this hypothetical couple that earns $250,000 with two children. if they lived in huntington, new york, they'd have a deficit at the end of the year of $24,380. if they lived in a place like plano, texas, they'd be ahead by $4,936. that would be at the end of the career. pl plan plano, texas, was the only area where the couple came out ahead. is $250,000 rich? >> depends where you live. jackie, that was great. michelle, i have a question to you because i threw it out there on twitter. do you believe it's possible to have an income tax rate or maybe deductions that roll back based on geography? in other words, $2
a three to four bedroom house in glendale, california is about $750,000. comparable area, twin falls, idaho, is about $325,000 for the same kind of house. what about the cost of food? an assortment of groceries in new york city. 72% more than those same72% more same items in twin falls, idaho. about two years ago, the fiscal times commissioned a study on this from a national tax accounting firming. they looked at several areas around the country for this hypothetical couple that earns $250,000...
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Nov 1, 2012
11/12
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california's been hijacked by academics environmentalists, all the refining cooperations in california have led to major declines for a lot of companies who said theyill doing very well. somebody said something about cap and trade, california must start to feel a little too much like europe. >> great, great, we are finding common ground. >> he had the ceo of eatono. preparing those transmission lines. >> the combination of cooper and eaton is really designed to make it so the transmission system worldwide is upgraded so that when you have 6 million to 8 million people without power, they can call him. >> tomorrow on "squawk box," one final employment report before the presidential election, one last read on job before america votes for its nec leader. we'll bring you the numbers and analysis from our annal of experts. it all starts tomorrow at 6:00 p.m. eastern. on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is on
california's been hijacked by academics environmentalists, all the refining cooperations in california have led to major declines for a lot of companies who said theyill doing very well. somebody said something about cap and trade, california must start to feel a little too much like europe. >> great, great, we are finding common ground. >> he had the ceo of eatono. preparing those transmission lines. >> the combination of cooper and eaton is really designed to make it so the...
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Nov 15, 2012
11/12
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is down nearly 19% so far this year, so we can crack that up to be decent news and upbeat news from california, it will have a $1.9 billion budget gap during its next fiscal year, that's far smaller, here is the good part, far smaller than it's seen in prior years and holds out the possibility that california may actually see surpluses within a few years thanks to spending cuts and tax hikes. those folks have their fingered crossed. >>> hamas rockets killed three in israel as they threaten a wider offensive. martin fletcher is in tel aviv and has more. >> reporter: israel and the palestinians in gaza are on the major edge of a confrontation, neither side really wants but seems to be what happens. israeli rocket attacks against gaza targeting the militant leaders of hamas are continuing and continuing to attack rocket stockpiles from gaza. israel's goal is to prevent hamas from attacking israeli citizens with rockets. there have been 850 akz ta, 100 in the last week alone. that's what israel wants to stop. at the same time hamas has been retilliating today at least 130 rockets fired from gaza i
is down nearly 19% so far this year, so we can crack that up to be decent news and upbeat news from california, it will have a $1.9 billion budget gap during its next fiscal year, that's far smaller, here is the good part, far smaller than it's seen in prior years and holds out the possibility that california may actually see surpluses within a few years thanks to spending cuts and tax hikes. those folks have their fingered crossed. >>> hamas rockets killed three in israel as they...
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Nov 14, 2012
11/12
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. >> i'm at the strategic growth conference in palm springs, california. a gathering of a couple thousand ceos and business leaders talking about challenges with the global economy and one of the topics of conversation is likely to be news we are just now getting out of washington. the obama administration signaling that it is expanding the multi-year crackdown on bribes paid by u.s. companies to foreign officials under the foreign corrupt practices act and the administration out with new guidelines, 120 pages. the act that's been in place since the carter administration is too vague and putting u.s. companies at a competitive disadvantage. so now the department of justice and the securities exchange commission out with 120 pages of guidelines talking about what is a bribe, who is a foreign official. we've put all of these guidelines on our website. cnbc.com. you can read more about it. this is again something that business leaders have been clamoring for but they want changes in the law. we'll see if the guidelines are enough to ease their concerns. back
. >> i'm at the strategic growth conference in palm springs, california. a gathering of a couple thousand ceos and business leaders talking about challenges with the global economy and one of the topics of conversation is likely to be news we are just now getting out of washington. the obama administration signaling that it is expanding the multi-year crackdown on bribes paid by u.s. companies to foreign officials under the foreign corrupt practices act and the administration out with new...
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Nov 6, 2012
11/12
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state is finally attracting new business like spreadshirt out of boston. 20% of its business was in california. it has moved in next store. >> there was plepty of open space for us to choose from and a great labor pool. we have great employees that are anxious to work for us. we are grows at 100% and we hope to have 200 people here by next year. >> while they have been the most supporting of mitt romney, the gaming ca zone knseatbelt seen tend to support harry reid. guys, they are trying to rest control of the state here from the democrats to the gop. >> jane, they had vegas lines on some of these things. i think the early line called it for president obama i read that this morning? >> it is. but in terms of betting, it is illegal to bet on an election. that hasn't stopped these irish guys over seas for the online betting. one of them online has said that obama has won and started to pay. >> they said they have done crazy stuff for publicitpublici. and they can't get the $750 back if romney were to win. >> you could do intrade but that is like $6 a share. >> go put it on the table. >> and i th
state is finally attracting new business like spreadshirt out of boston. 20% of its business was in california. it has moved in next store. >> there was plepty of open space for us to choose from and a great labor pool. we have great employees that are anxious to work for us. we are grows at 100% and we hope to have 200 people here by next year. >> while they have been the most supporting of mitt romney, the gaming ca zone knseatbelt seen tend to support harry reid. guys, they are...
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Nov 14, 2012
11/12
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today, california is set to unveil a new attempt to limit greenhouse gases. the state is going to be holding its first sale of carbon emissions permits. experts say it's a landmark experiment that california hopes will serve as a model for other u.s. states and the federal government. a new survey finds that families are at odds over financial planning. fidelity investments finds that sharply conflicting expectations between older parents and their adult children. among the survey results. 24% of adult children expect they will have to help their parents financially at some point, yet 97% of parents don't expect to need help. that's a oble nearly all of older parents and their grown children disagreed on whether a child will take care of their parents if they become ill, and adult children underestimate the value of their parents' estate by more than $100,000 on average. i think that's an issue across the country. do you want to counter that? >> no, not really. >> how are your parents? my parents are doing great. >> mine are gone. i got some new parents, actu
today, california is set to unveil a new attempt to limit greenhouse gases. the state is going to be holding its first sale of carbon emissions permits. experts say it's a landmark experiment that california hopes will serve as a model for other u.s. states and the federal government. a new survey finds that families are at odds over financial planning. fidelity investments finds that sharply conflicting expectations between older parents and their adult children. among the survey results. 24%...
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Nov 30, 2012
11/12
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one of the develop storingie ii looking at is chinese products to california to the rest of the country and there's a lot of ports being shot. >> national retail federation said that a lot of product for the holiday season is already in the stores. so maybe it won't be a huge impact and maybe that product can be routed to other ports to mexico and then trucked up. maybe it's a good thing for truckers and fedex and u.p.s.s of the world if the product isn't in the store already, retailers need to get it quickly, good for overnight shippers. >> they have all of the stuff in. that's a good point. ksu rang the bell the other day. they're instrumental in bringing goods from mexico. very interesting. >> look at those freight volume which is they report next. meantime, got to talk zynga taking a hit in the premarket. social gaming company changing its relationship with facebook. the new agreement essentially removes the special status that zynga enjoyed among game developers and also now allows facebook to develop its own games. it's been called an open marriage by "the new york post" today and
one of the develop storingie ii looking at is chinese products to california to the rest of the country and there's a lot of ports being shot. >> national retail federation said that a lot of product for the holiday season is already in the stores. so maybe it won't be a huge impact and maybe that product can be routed to other ports to mexico and then trucked up. maybe it's a good thing for truckers and fedex and u.p.s.s of the world if the product isn't in the store already, retailers...
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Nov 29, 2012
11/12
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we think they're very well positioned in places like california where we're starting to see some signs of a macro recovery. the other important thing, nordstrom doesn't have the exposure to the tourist consumer some of the other luxury players have. >> reporter: however, with the european debt crisis looming and that fiscal cliff still unresolved, the robin report's robin lewis thinks many luxury buyers may be holding back this holiday season. >> i think that will cause some cautious spending in the last holiday season, in the last quarter. and if the resolve is made to increase the tax rates of the rich, it will definitely hit the pocketbooks. >> reporter: and there's no doorbusters for luxury players. they're banking on their price premiums and their quality to drive sales. later today, carl, i'll sit down with burberry ceo. we'll talk about all things luxe. >>> straight ahead, why the secret to housing reform might be reforming the fha itself. >>> a little bit laeter, how to play the retailers ahead of this holiday season. "squawk on the street" is coming right back. if you are one
we think they're very well positioned in places like california where we're starting to see some signs of a macro recovery. the other important thing, nordstrom doesn't have the exposure to the tourist consumer some of the other luxury players have. >> reporter: however, with the european debt crisis looming and that fiscal cliff still unresolved, the robin report's robin lewis thinks many luxury buyers may be holding back this holiday season. >> i think that will cause some...
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Nov 6, 2012
11/12
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california is dark. these are safe democratic states. where is unemployment low? from north dakota down to oklahoma none of that is going for obama. only one place perhaps. virginia is a potential swing state and also wisconsin. maybe that low rate is a precondition for obama to potentially win it. let's look at the change. again, very similar. darker is less change. less improving unemployment. new york, not a good state for change of unemployment over the last year but probably safely in the obama camp. the one place you might want to look here, nevada, florida, north carolina and virginia. those are all potentially in play because they had some improvement in the unemployment rate and if that had not been there, they might have been for romney. i would like to give you a definitive answer. you have the level of unemployment and you have the change. that's what makes this a horse race, simon. >> it's fascinating to see that the way you slice and dice going into the election whether it's turnout or amazing. steve, thank you very much. as the race for the presiden
california is dark. these are safe democratic states. where is unemployment low? from north dakota down to oklahoma none of that is going for obama. only one place perhaps. virginia is a potential swing state and also wisconsin. maybe that low rate is a precondition for obama to potentially win it. let's look at the change. again, very similar. darker is less change. less improving unemployment. new york, not a good state for change of unemployment over the last year but probably safely in the...
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Nov 9, 2012
11/12
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i'm carl quintanilla, jim cramer, david faber is in california, jpmorgan, napa valley ceo summit. how many big stories do we have circulating? fiscal cliff concerns? you heard about jp penny concerns. right now, implied open, down 58 points. europe getting trouble, headlines out of greece, running low on cash again. ftse down 0.75. we'll bring in david from the west coast. we'll talk technology later on but that's not the only subject. what's coming up? >> reporter: a very cool napa valley. we are very close to silicon valley, so here at napa valley ceo technology summit we'll be joined throughout the day by a number of luminaries from the technology industry. i'll be talking to john donahoe, ceo of ebay. back to you. >> french laundry, that's the key tonight. french laundry. he's smiling like he's already been. meantime, a road map starts at cross section of wall street and washington. third weeks of losses as congressional office highlights difficulties if no fiscal cliff worked out. >> jcpenney shares on sale as it posts a much bigger loss and revenue miss. concerns mounting no
i'm carl quintanilla, jim cramer, david faber is in california, jpmorgan, napa valley ceo summit. how many big stories do we have circulating? fiscal cliff concerns? you heard about jp penny concerns. right now, implied open, down 58 points. europe getting trouble, headlines out of greece, running low on cash again. ftse down 0.75. we'll bring in david from the west coast. we'll talk technology later on but that's not the only subject. what's coming up? >> reporter: a very cool napa...
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Nov 9, 2012
11/12
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>> who is the woman from california? who was in the clinton administration? >> cheryl sandberg. >> no, somebody else whose name i'm drawing a blank. >> god help us. laura tyson? >> yes. >> she's a chicken producer. >> no, she's a professor. >> oh, she's the boxer. there's the boxer. >> 2014-2016, i want to ask but one job -- >> i like what joe said earlier that at the end of the day the only legacy that matters any more for obama is the economy. he's going to have his legacy in obama care for better or worse. going to have his legacy in dodd-frank. the only one that matters anymore is economics. >> you can't -- there's 100 republicans. you can't single the one out that you hate. >> it was very interesting in the exit polls. i just going to to get to this quickly that the electorate sort of blamed bush for the economic crisis. that's not going to be true any more. it's not even true from today. you could make that argument he was given a bad hand. >> i went as far to say that the whole reinhardt rogoff narrative, if we go four years above 8% and crappy gdp the
>> who is the woman from california? who was in the clinton administration? >> cheryl sandberg. >> no, somebody else whose name i'm drawing a blank. >> god help us. laura tyson? >> yes. >> she's a chicken producer. >> no, she's a professor. >> oh, she's the boxer. there's the boxer. >> 2014-2016, i want to ask but one job -- >> i like what joe said earlier that at the end of the day the only legacy that matters any more for obama is...
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Nov 28, 2012
11/12
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northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out. sacramento, stockton up toward reading and stretching all the way up into oregon. we could see up to 20 inches of rainfall here, a big broad area of at least a half a foot. back to you. >> that is a waste. that should be over colorado and it should be -- >> exactly. >> so we had snow yesterday. last year we had snow early, it was like halloween and then we never got anymore. did the snow we had yesterday seem more typical? any idea about whether that portends that we have some snow this year on the east coast? >> last year it was like we used it all up early. we said okay, here we go, it's going to be a huge winter and nothing. we're looking at the long range forecast right now, it's all warm for most of the country. there are no big snowstorms at least for two or three weeks. >> but we don't know overall. >> beyond that, it gets fuzzier. >> you can't do like bill murray and blow all that stuff over to colorado. 20 inches of rain. th
northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out. sacramento, stockton up toward reading and stretching all the way up into oregon. we could see up to 20 inches of rainfall here, a big broad area of at least a half a foot. back to you. >> that is a waste. that should be over colorado and it should be -- >> exactly. >> so we had snow yesterday. last year we had snow early, it...
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Nov 27, 2012
11/12
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. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of cours
. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has...
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Nov 13, 2012
11/12
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storm that impacts an entire coast unless you're going to set up offices in chicago, first of all, or california, and i don't know who are the people who are going to staff and man those offices to actually trade on behalf of somebody, it's not clear to me how this works. it may very well be that when you have a massive superstorm the size of sandy that knocks out an entire coast or region that it's almost impossible to have true contingency planning. >> two things. good point. first of all, you do need to have some senior people who aren't necessarily located in the proximity of devastation. yes, you do need some senior people but in this circumstance, this is one of the things we learned, andrew, is that since they weren't sure the large traders weren't sure about whether or not they could enter the orders into the new york stock exchange, they actually sent people to archipelago to try to work on the computers, in the middle of this storm, so just a really sort of a cluster and hopefully we can do better in the future. >> what happened to your own next -- isn't this a transatlantic company th
storm that impacts an entire coast unless you're going to set up offices in chicago, first of all, or california, and i don't know who are the people who are going to staff and man those offices to actually trade on behalf of somebody, it's not clear to me how this works. it may very well be that when you have a massive superstorm the size of sandy that knocks out an entire coast or region that it's almost impossible to have true contingency planning. >> two things. good point. first of...
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Nov 16, 2012
11/12
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. >> he's joining us very early this morning from the company's hometown of san francisco, california. david, thank you for joining us. i want to talk about the earnings in just a little bit, but first a lot of people look at this, you've been growing so quickly, why are you starting to tap the brakes a bit in terms of taking delivery of aircraft as well as expand manage to new markets? >> i think a couple of things here. first of all, we felt the need to get to critical mass which we believe we've done. we have 50 aircraft now. and so we feel comfortable slowing down the growth. but i would say the key thing we've seen in the two years since we in addition will made the order is the increase in fuel prices and basically what is a slowly growing economy. and when you do the math, it doesn't make sense to go in and continue the rapid expansion. >> part of this tapping the brakes, if you will, is slowing down the rate and pace of taking new aircraft from airbus. some people say wait a second, those will be more fuel efficient, why wouldn't you want those sooner rather than later because
. >> he's joining us very early this morning from the company's hometown of san francisco, california. david, thank you for joining us. i want to talk about the earnings in just a little bit, but first a lot of people look at this, you've been growing so quickly, why are you starting to tap the brakes a bit in terms of taking delivery of aircraft as well as expand manage to new markets? >> i think a couple of things here. first of all, we felt the need to get to critical mass which...
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Nov 19, 2012
11/12
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places like louisiana, arizona, wyoming, montana, california, places where some of them high unemployment rates, you're talking about reducing federal spending in places with high unemployment rates and this handy bar charts shows the split between defense spending in blue and nondefense in green. maryland, virginia, the washington, d.c., area, the highest federal pending, hawaii a lot of defend spending, same with alaska. more non-defense in new mexico down to georgia, 6.9% so these are the ways it's going to affect by state. we can even drill down further and look county by county, and what you see here for example if you drilled down here in louisiana there's one county in here where there's a federal penitentia penitentiary, because these are federal jobs as a percent of the total. you can see places along the texas coast, the bottom line on all of this is that we talk about reducing the ifisical cliff and solving the problem on a national level, but there are individual states that are going to be hit harder and there are blue states and states that come in so it's not easily democra
places like louisiana, arizona, wyoming, montana, california, places where some of them high unemployment rates, you're talking about reducing federal spending in places with high unemployment rates and this handy bar charts shows the split between defense spending in blue and nondefense in green. maryland, virginia, the washington, d.c., area, the highest federal pending, hawaii a lot of defend spending, same with alaska. more non-defense in new mexico down to georgia, 6.9% so these are the...
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Nov 28, 2012
11/12
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david: did it have anything to do with the settlement gold line had to pay out to california? they were accused of false advertising which you settled out of court? >> those allegations were settled within a few months. it was dismissed and became a civil settlement. it was time for me to move on and it is a great company, leader in the industry. david: when you see these commercials on fbn or wherever you see a dozen of them. what diffentiates one company that sells gold from another? >> well, lear capital offers excellent service --. david: don't sound like a commercial now. seriously. why, why is lear any better than gold line? >> i'll tell you why. we give great service as i said. what that means you have a company that has been in business. you have access to great product. we deliver it in 10 days. not every company dan do that. we create a market. meaning if you want to liquidate and sell back we create a market so you can liquidate. david: is that the part of the problem got into? >> absolutely not. that bass not the issue. that was a disclosure issue. lear capital the
david: did it have anything to do with the settlement gold line had to pay out to california? they were accused of false advertising which you settled out of court? >> those allegations were settled within a few months. it was dismissed and became a civil settlement. it was time for me to move on and it is a great company, leader in the industry. david: when you see these commercials on fbn or wherever you see a dozen of them. what diffentiates one company that sells gold from another?...
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Nov 5, 2012
11/12
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you're in california. is there any businesses left at all in that state? >> there are quite a few. go to silicon valley, los angeles, san francisco. this is still the engine of innovation for the u.s. economy. >> they're making it tough on you. >> we could be doing better, that's true. >> so neel, when you say that this does lift some immediate uncertainty but you're not sure what it means beyond that, what do you think the market does between now and the end of the year, let's say? maybe not this week but between now and the end of the year under a reelected president obama or under a newly elected mitt romney? >> well, i think under reelected president obama, i would expect to see volatility increase especially as it relates around the fiscal cliff. we need to see them come together, divided government needs to work together. they have not worked together very well over the past couple years so the markets will take a wait and see approach and there's a good chance there will be fighting and brinkmanship until the last second for the fiscal cliff. republican sweep it's more likel
you're in california. is there any businesses left at all in that state? >> there are quite a few. go to silicon valley, los angeles, san francisco. this is still the engine of innovation for the u.s. economy. >> they're making it tough on you. >> we could be doing better, that's true. >> so neel, when you say that this does lift some immediate uncertainty but you're not sure what it means beyond that, what do you think the market does between now and the end of the...
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Nov 26, 2012
11/12
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for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry abou
for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. ♪ [ male announcer ] they are a glowing...
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Nov 25, 2012
11/12
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this was is largest jackpot ever, but, california is not one of them. the previous top powerball prize was $365 million won in 2006 by a group of conagra group of food workers in lincoln, nebraska, and you can bet they are not working anymore. >> no, but we are not getting a chance unless we drive to oregon, nevada or arizona. so, if you are going there, you may want to pick up a ticket. >>> but in sports the warriors look for a home in minnesota. >> and stanford make as bit a of team history and is still in the hunt for a pack 10 title. >>> good morning, everyone. in stanford football history no team has ever beaten three ranked teams three weeks in a row until last night. stefon taylor cias in from 1 yard out. 36-yards shy behind sanford's rushing record. on the ensuing kick-off, the ball is popped loose. picks up the loose ball and runs it in for another stanford touchdown. the cardinals win 35-17. they will face ucla friday for the pack 12 title. notre dame looking to punch their ticket against usc. notre dame withins it 22-13. the fighting irish ar
this was is largest jackpot ever, but, california is not one of them. the previous top powerball prize was $365 million won in 2006 by a group of conagra group of food workers in lincoln, nebraska, and you can bet they are not working anymore. >> no, but we are not getting a chance unless we drive to oregon, nevada or arizona. so, if you are going there, you may want to pick up a ticket. >>> but in sports the warriors look for a home in minnesota. >> and stanford make as...
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Nov 29, 2012
11/12
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KNTV
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a california highway patrol officer had no choice but to use his patrol car. the roadways so narrow not even a tow truck could make it through. he watched as the driver of the van spun out creating the chain reaction. >> they drive too fast especially around these curves here. any liquid on the pavement you are going to spin out. >> reporter: he watches the traffic all day from the windows of his restaurant. >> i have seen it all, cars flippeover, the helipad in the back. all the time, dry, wet. people are getting flown out of here. >> reporter: a retired san francisco police officer says he sees it, too. >> the chps are never sitting here for more than four minutes because this road makes people crazy. they drive too fast. they don't pay attention to the conditions. >> reporter: the conditions were rainy, foggy and windy einf to bring down part of the tree. a different van lost control and flipped on to its side on highway 87. drivers can blame the rain but that is not it. >> the number one problem is the driver. people driving really fast thinking that they
a california highway patrol officer had no choice but to use his patrol car. the roadways so narrow not even a tow truck could make it through. he watched as the driver of the van spun out creating the chain reaction. >> they drive too fast especially around these curves here. any liquid on the pavement you are going to spin out. >> reporter: he watches the traffic all day from the windows of his restaurant. >> i have seen it all, cars flippeover, the helipad in the back. all...
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Nov 6, 2012
11/12
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CNBC
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i see so many small businesses, i was out in california yesterday, i must have met in four days with eight of our companies, and i asked every one of them, what impact does this have? what difference is it going to make whether romney wins or obama? i honestly believe it's almost a neutral element in terms of the young companies. when they are growing and they are excited and their product is being taken up, and most of them that i'm dealing with are internet or wireless based, it's an environment you don't stop hiring. in fact they have big open to buys. >> so what does affect those companies? what are they looking at beyond their own home base? >> i think the general environment will have an impact. i think that the tone of the top will have an impact. i think my personal feeling, the biggest impact for the kind of companies i'm in are what happens for advertising expenditures. i think advertising and advertising -- >> you talked about immigration policy as well. >> sorry, thank you, thank you. immigration policy is getting the kind of people, everyone is frustrated with the idea o
i see so many small businesses, i was out in california yesterday, i must have met in four days with eight of our companies, and i asked every one of them, what impact does this have? what difference is it going to make whether romney wins or obama? i honestly believe it's almost a neutral element in terms of the young companies. when they are growing and they are excited and their product is being taken up, and most of them that i'm dealing with are internet or wireless based, it's an...
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education matters and we stand for california. thank you, thank you very much. >> so the state superintendent , talk about somebody who is very anxious to inned foo the results results -- to find the results of this proposition. he also told me if this pleasure pleasure -- this measure does not pass, be sure that several districts will go bankrupt. also on the ballot was proposition thirtd 8, another education-related proposition behind that one. she issued a statement a short time ago. molly said transformational changes take time, and we are committed to staying the course until our state truly does tackle the school funding crisis. we know now has failed. we are waiting for the governor to show up, governor brown. i understand he is in the hotel in sacramento he will address many of the supporters. i am live in sacramento. lyanne melendez, abc news. >> thank you so much. >> lyanne was talking about proposition 38 which has been declared defeated. here are the numbers. no votes 74%. >> now looking at proposition 34. this is the
education matters and we stand for california. thank you, thank you very much. >> so the state superintendent , talk about somebody who is very anxious to inned foo the results results -- to find the results of this proposition. he also told me if this pleasure pleasure -- this measure does not pass, be sure that several districts will go bankrupt. also on the ballot was proposition thirtd 8, another education-related proposition behind that one. she issued a statement a short time ago....
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Nov 24, 2012
11/12
by
MSNBCW
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es came to orange county to serve and to enjoy the california lifestyle. he'll leave as a convicted felon for participating in the robbery of a medical marijuana delivery man and presumably with considerably less hair. >> that's me right there. all dreaded out. didn't have my glasses. uldn't see a thing. i came in with no shoes and a tank top. ah, yeah. i was little -- i was pretty stoned, yeah. >> drug use had led to problems for gonzales before his arrest as well. >> like seventh or eighth grade, i started smoking a little bit of pot, and then i started doing a lot of psychedelics more than smoking weed and then i got placed into an outpatient rehab facility for the first time. it didn't work. i relapsed. i was losing jobs. i was failing school and not doing that well. i barely graduated. >> now three months into his one-year sentence, gonzales is siting room at orange county's theo lacy jail facility. his mother, who asked that we not reveal her face, has just flown in from his home state of minnesota. >> hi, son. >> hello. >> oh, my gosh. this is the f
es came to orange county to serve and to enjoy the california lifestyle. he'll leave as a convicted felon for participating in the robbery of a medical marijuana delivery man and presumably with considerably less hair. >> that's me right there. all dreaded out. didn't have my glasses. uldn't see a thing. i came in with no shoes and a tank top. ah, yeah. i was little -- i was pretty stoned, yeah. >> drug use had led to problems for gonzales before his arrest as well. >> like...
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203
Nov 7, 2012
11/12
by
KICU
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once the polls close on the west coast,ip cluding california, -- including california we are expecting a lot of this it turn blue. two70 votes needed to take it. romney 155 and president barack obama with 149. in an hour once the polls close here in california we are more that means these battleground states are more crucial. wanted to let you know within the last few minutes, new hampshire, as you take a look here it want to president barack obama. you look at the results you can see 55% for president barack obama compared to romney's 45%. and there are other key battleground states that are really important. >> we are still watching ohio, that is -- that is really the most important state right now. we are at about 45% of the precincts in ohio has been counted. not half yet. right now president barack obama does have a lead in ohio. 51% to 49% for romney. we are hearing reports from ohio that the president is doing very well in the places he was expected to do well but he is doing well in south central ohio and he is, in fact, doing better than expected there. but it is not over yet.
once the polls close on the west coast,ip cluding california, -- including california we are expecting a lot of this it turn blue. two70 votes needed to take it. romney 155 and president barack obama with 149. in an hour once the polls close here in california we are more that means these battleground states are more crucial. wanted to let you know within the last few minutes, new hampshire, as you take a look here it want to president barack obama. you look at the results you can see 55% for...
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53
Nov 7, 2012
11/12
by
MSNBCW
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california voters considered ending the death that measure is losing in california. in florida voters have rejecte constitutio with 98% of precincts repo digits, by rgin in michig@ are deciding whether to appeal the emergency allowing them to take over financially troubled cities. something we have covered extensively over the past couple of years.majority of michigan voters want to repeal that emergency manager law. that emergency manager law i ought thauz was the single most rod call piece of legislation that was put into place. not just proposed a place after a republica takeover. the emergency management law was a dramatic strengthening of previous laws in the state, essentially allowing the and ovhele whoever you v overruleofficials. they could step inoverseer and ff the assets with nobody in the town having any say over it that is on its way to repeal in mian right now with a majority of precincts reporting. although there's definitive oh on that one yet. the very excited happy seen tha you see here are in ch this crowd of obama supporters awaits the president
california voters considered ending the death that measure is losing in california. in florida voters have rejecte constitutio with 98% of precincts repo digits, by rgin in michig@ are deciding whether to appeal the emergency allowing them to take over financially troubled cities. something we have covered extensively over the past couple of years.majority of michigan voters want to repeal that emergency manager law. that emergency manager law i ought thauz was the single most rod call piece of...